Dear Mamas,
The world has been kind and you have extra cash sitting in your bank account.
You rack your brain, looking for ways to grow that money.
I hear you, mama.
Surprisingly, 53% of the country’s adult population still doesn’t invest let alone have a bank account.
You might be asking yourself, what’s a good online investment to have these days?
We are living in a digital world and we are fortunate enough that online investing is available to us.
So why online?
Heck, we are busy mamas.
Whether you are a stay-at-home or a working mom, we’re on call 24/7.
I share with you a list of the best online investment sites in the Philippines that we are using and that we have done thorough research on.
So let’s go ahead and make our money work for us.
Personally, I feel safe and secure in saving for my son’s college fund in Pagibig MP2.
After all, Pagibig MP2 is a government-backed investment.
Do you know how much the tuition fee will be in 10 to 15 years?
Oh, mama!
Lucky for us someone already did the computation.
Save yourself from the future headache and start preparing now.
You can use this Pagibig MP2 Calculator to plan and compute your investment.
The MP2 Savings Dividend Rate for 2020 is 6.12% and 6.0 % for 2021.
Naturally, as we were in a lockdown during this period, rates did come down a little from the previous 4 years, where rates were at 7-8%.
If this sounds like something worth trying out, then head over to their official website where they have an easy signup process and plenty of information on how it works!
Pros
- Minimum of P500 per remittance, easy on the pocket.
- Does not require a fixed amount of investment or a fixed schedule.
- Earns higher dividends than the Pag-IBIG Regular Savings
- Dividends are tax-free and can be withdrawn annually or after the 5-year maturity.
- MP2 Savings are government-guaranteed
- Easy to invest, designed for newbies without experience in investing.
Cons
- The Dividend Rate Is Not Fixed.
- The worst-case scenario is, that no dividends are given.
- Lock in for 5 years, you can’t withdraw your funds within 5 years.
2. ColFinancial
If you want to build your stock portfolio and invest in the stock market, this platform is the place to start.
ColFinancial is one of the most trusted investment companies in the Philippines.
They offer a wide variety of stocks, bonds, and mutual funds that you can invest in through their website.
We have been using ColFinancial for our stock portfolio for a couple of years now.
We have allotted this investment for our retirement.
Do you have an idea of how much you need in your old age?
Here’s an article from Manila Times that I found detailing just that.
Are you dreaming of retiring under the shade of your Mango tree on your very own farm?
Or are you finally going on that long delayed vacation?
Whatever it is, let’s all make it happen.
Pros
- This company is one of the pioneers that introduced stock investing to the average Filipino.
- This is one of the most accessible and fastest ways to start investing in stocks, for as low as P1,000, you can register for a Starter account.
Cons
- Stock investing is always risky. You only invest what you can afford to lose.
3. GInvest
If you are already using GCash you have probably noticed this. GInvest is the investment marketplace feature of GCash that allows you to buy, manage, and sell investment products. They partnered with ATRAM Trust Corporation & BPI-IMI to provide a simple and straightforward investment opportunity for GCash users.
Pros
- If you have Php50.00, you can already start investing. Local or Philippine-based investments start at Php50.00, for global or international funds investments start at Php1,000.
- Depending on your risk appetite, you can choose from an array of investment products.
- Easy to use. Funding your account is a breeze since the app is built-in in GCash.
- If you want to commit to investing, you can set a reminder on how often and how much you want to set aside for this investment.
Cons
- Unlike investing in stocks through Col, this is not real-time. Processing days for buy orders range from 2-4 business days. At the same time, processing days for sell orders start from 4 to as long as 8 business days.
- As with any risk asset, you can be at a loss depending on the market trend.
4. Seedin
This is one of our latest finds and we are thrilled with this platform. It’s a P2B or a peer-to-business platform that allows lending to local businesses.
Pros
- Easy to invest, you can set it to auto-invest and the interest will auto-compound.
- You earn while helping small to medium enterprises fund and grow their business.
- Investments are short-term, you can choose a shorter period.
Cons
- Projects get funded fast.
- There’s always the risk that the borrower may not be able to pay back the debt they incurred.
5. Binance
You’ve probably heard of cryptocurrency by now. It was the talk of the town in 2020. A lot of Filipinos have made quite a large sum trading crypto during the recent bull market.
Pros
- Most cryptocurrencies are available on the platform
- Fast and secure
Cons
- These are high-risk speculative products and cryptocurrency prices are extremely volatile. If the market moves against you, be prepared to lose it all.
- As with any risk asset, you can be at a loss depending on the market trend.
6. Coins.ph
Is a Philippine-based platform where you can trade cryptocurrencies.
Pros
- Minimal fees
- Fast and secure.
- App is easy to use.
Cons
- Limited crypto assets are available
7. Etoro
If you are looking to diversify your portfolio and invest in stocks outside the Philippines, you may want to look at this platform. Investment products offered by eToro include stocks, Exchange-Traded Funds (ETFs) and cryptocurrencies.
Pros
- Established platform
- Feature to copy trades of other investors
- Free stock and ETF trading
Cons
- High non-trading fees